Economy
Trade deficit drops at an accelerating pace of 16.1 pct in October
Greece’s trade deficit fell for the second straight month by 16.1 percent in October, after a drop of 12.1 percent in September, Hellenic Statistical Authority (ELSTAT) data showed on Thursday.
Unemployment rate falls to 23.1 pct in September, lowest since March 2012
Greece’s seasonally adjusted (SA) unemployment rate edged down to 23.1 percent in September from a downward revised 23.3 percent in August, Hellenic Statistical Authority (ELSTAT) labour force survey showed on Thursday.
HFSF posts losses of 1.1 bln in H1 weighed down by valuation losses of bank holdings
The Hellenic Financial Stability Fund (HFSF) recorded net losses of 1.14 billion in the first half of 2016 from 4.15 billion in the corresponding period last year, according to the interim financial report published on Wednesday
Turnover in tourism sector rebounds 2.6 pct in Q3
The Turnover Index in Accommodation and Food Services resumed an upward trend in the third quarter (Q3) of 2016, rising by 2.6 percent after an upward revised drop of 1.3 percent in Q2, Hellenic Statistical Authority (ELSTAT) figures showed on Wednesday.
Liquidity and NPL resolution feature prominently in draft deal between Greece and lenders
The stability of the financial system was one of the key issues discussed during the two rounds of meetings in Athens between the institutions’ mission chiefs and the government as part of the second programme review.
Revenues beat target for third successive month in November
Greek budget revenues beat their target, albeit marginally, for the third straight month in November, General Secretariat of Public Revenues (GSPR) figures revealed on Tuesday.
What Greece’s draft agreement with lenders foresees on labour and pension reforms
Labour market reforms have proved one of the most complex issues in the second programme review, as was evident from the negotiations between Greece and its lenders so far as well as the December 5 Eurogroup statement.
Greeks’ wealth fell by 0.6 pct in 2016 for third straight decline
Wealth in Greece dropped for the third straight year in 2016, albeit by just 0.6 percent after a decline of 9.7 percent in 2015, the 2016 Global Wealth Report published by Credit Suisse revealed.
Eurogroup grants short-term debt relief but leaves Athens fretting over fiscal targets and IMF
Monday’s Eurogroup concluded with eurozone finance ministers agreeing to the short-term debt relief measures proposed by the European Stability Mechanism but leaving several lingering questions about other key issues.
Terna Energy sales up by 9.7 pct for 9-month
Renewable energy company, Terna Energy’s 9-month 2016 results show that sales stood at 148.3 million euros, up by 9.7 percent compared to the 9-month 2015 figure of 135.2 million euros.